Rooms

Location
The subject property is located along Milburn Road in Ashington. Located in a predominantly residential area but not being far from all local amenities such as Asda, Iceland and schools. The subject property has excellent transport links with a bus stop being right outside the property and the bus station being a 10 minute walk away, the property is a 6 minute drive from a major road (A189). The subject property is located 17 miles north of Newcastle Upon Tyne and 6 miles east of Morpeth.

Accommodation
GROUND FLOOR Entrance 5.3m x 2.1m Hallway 5.6m x 1.5m Open plan seating area 8.9m x 8.5m Soft play area 18.3m x 11.5m Cafe 5.9m x 3.1m Kitchen 3.4m x 3.2m Store room 3.7m x 1.4m Manager office 3.5m x3.5m Office 5m x 2m Staff room 4.5m x 2.3m 2 x W.C. Baby change facilities Store room Office. FIRST FLOOR Bowling area 13.8m x 6.1m Open plan seating area 16.6m x 13.6m Soft play area 12.5m x 8.5m W.C. Storage area. NIA approx. 1,245sqm (13,400sqft). NIA sourced from VOA.

The Fun Jungle
The business currently trading as ''The Fun Jungle'' is a children's soft play area and restaurant/coffee shop. To the first floor is a bowling alley and dessert shop. We are advised over the first 5 months of the year, the business had average weekly takings of £4,116, and of that £1,735 profit per week.

Business Details
We are advised a present turnover of £35,000 per month. But a more representative figure would be a financial overview showing an increase in business over the past financial trading year of 35-40%, this is expected to continue as the business solidifies its position in the market and becomes better known and established. Figures quoted do not take into consideration any revenue derived from games and other machine devices, these, if installed by a new operator, have the ability to significantly increase the total revenue of the business. Any financial reporting for Stars and Strikes on the upper floor of the building is not included and again this area of the business has the ability, to both increase business of The Fun Jungle Ashington and increase the overall revenue of the Business.

Lease Details
Part of the premises is let on an AST to a tattoo parlour at a rent of £600pcm (£7,200pa). The Fun Jungle is currently owner occupied and any interested party has the advandage of agreeing a new rental recharge with business.

Tenure
Freehold. Title number ND59866.

Rateable Value
The adopted rateable value is £37,750 as of 1st April 2023. Sourced from VOA

EPC
Available upon request (rating C).

Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'. Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively. This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent. The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase. In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs. Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.